11 Dead Simple Things Millionaires Do That You Can Too

Last updated Nov 23, 2020 | By FinanceBuzz Editors
millionaire looking at camera

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Ever wonder how a millionaire becomes a millionaire? Well, some were born that way — how's that silver spoon taste? Others got lucky. But many got to this 7-figure milestone through hard work and smart money decisions. 

If you're seeking out this kind of financial advice then you probably already know how to chase down your dreams. Whether it was buying your first home, getting that big promotion, or maxing our your 401(k), you know what it feels like to set a financial goal and achieve it. Becoming a millionaire is no different from those other goals. You can approach it the same way — just take it step by step and make smart decisions. 

To make your path to $1,000,000 a little easier, we're here to share some simple lessons from millionaires who came before you.

Start investing early (especially when you can get $5 to get started)

An important first step on your way to a million dollar net worth is to come up with an investing strategy. Even if you don't have a lot of money to invest, don't let that stop you from getting started — you can start investing with just $1. 

Stash is a great place for beginning investors to get started. You can buy fractional shares (partial shares) in companies that are household names like Apple, Google, and Amazon. Normally a single share of these companies would cost hundreds or even thousands of dollars, but you only need $1 to get started with Stash.

If you're thinking about saving for retirement, you can start investing in an IRA and enjoy the tax benefits that come with retirement accounts. Stash also offers all kinds of tools and guides to help you along the way and you can use the Stash app to track your investments from anywhere.

For a limited time Stash will give you $5 to invest when you make your first investment.3

Sign up for Stash now

Skip unnecessary fees: Save the $250 you'll probably pay in bank fees this year

The average American pays hundreds in bank fees every year. The worst part: they're paying for something they could get for free elsewhere. 

Bank fees are annoying, so stop paying them. There are no hidden fees~ with the Chime mobile banking app — no monthly fees, no minimum balance fees, and they even offer fee-free overdraft — up to $100*.

And no fees doesn't mean no features. With Chime, you can build your savings faster by automatically rounding up your purchases, plus get paid up to two days early when you use direct deposit^.

Apply online in just two minutes — there's no credit check required.

Sign up for Chime now

Comparison shop: Save an average of $560/year on car insurance

Car insurance can be expensive, so you want to make sure you're not overpaying on your current premium.

With Insure.com, you fill out one simple form, and in minutes, you'll get a selection of personalized quotes. You'll be able to see the best prices from top insurance companies, all in one place, then pick the one that saves you the most for the coverage you want.

On average, drivers save $560/year when they use Insure.com.

Compare quotes now


Invest in paintings by Basquiat, Picasso, Banksy

The ultra-wealthy have been flipping art for huge profits for decades and now non-millionaires can get in on the action. Masterworks is a platform for investing in blue-chip art, an asset class that’s outperformed the S&P 500 by over 180% between 2000-2018.

Masterworks purchases multi-million-dollar paintings and divides up ownership among its members. Just like stock in a company, you can own fractional shares of artwork. If the painting sells, you make money off the appreciation.

While Masterworks requires a $5,000 account minimum to get started, you can invest as little as $20 in each work.

Skip The Waitlist: Use our link to get exclusive access to bypass the 25,000 person waitlist!

Click here to get started

Don't overpay when you shop online

Shopping online has its perks. It's super convenient, but it can be time consuming to find the best deals. Instead of hunting for coupon codes (that don't always work!) and opening tons of browser tabs comparing prices, you can try Capital One Shopping.

Capital One Shopping makes saving money effortless. Just add the browser extension and when you check out, they will automatically add the best coupon code in their extensive database to help you save cash. And before you check out at favorite stores like Amazon, Target, Home Depot, and Best Buy, Capital One Shopping will notify you with a friendly pop-up if the item you're buying is available cheaper somewhere else.

Capital One Shopping is free to use and will never show you ads. Add it today and stop overpaying!2

Get Capital One Shopping now

Earn $200 in bonuses by opening a new checking account

Paying $10 (or more!) per month just to have a checking account at one of the big banks is like throwing money away. You can have all the benefits of these accounts without the monthly maintenance fee and high balance requirements if you just know where to look.

A BBVA Online Checking account comes with cashback rewards, free ATM access at over 64,000 participating ATMs1, a free Visa debit card, and complimentary use of BBVA's award-winning mobile banking app. There's no monthly service charge (aka $0 wasted) and you only need to deposit $25 to open an account.

Applying for a BBVA Online Checking account is fast, secure, and can be done totally online.

Bonus: You could get a $200 bonus by opening an Online Checking account and receiving a qualifying direct deposit of $500 by January 15, 2021. Increase your bonus to $250 by adding an Online Savings account and having a savings balance of at least $1000 on December 31, 2020. Member FDIC. Terms apply.4

Visit BBVA now

Get smarter about money

"Wealthy" is all about numbers. "Worthy" is a mindset. If you’re the type of person who’s passionate about growing your net worth and becoming financially independent, then you belong in Worthy — our brand-new personal finance community.

Join Worthy, and you’ll get expert advice on earning more, investing smarter, and saving for the life you want - right in your inbox, for free! Stay up-to-date on the latest news and trends that could impact your wallet, and get access to exclusive insider content and special offers.

Sign up now and join thousands of people who are getting smarter about money every day with Worthy.

Ready to get smarter?

Stash Benefits

  • Get $5 to make your first investment
  • Invest in stocks, bonds, and ETFs
  • Fractional shares available
  • Start investing with just $1